Comeback from Snapchat on the market
News you want to use week 26.
A lot of focus is always on Google and Facebook, recently TikTok has aslo gotten loads of attention. But maybe Snapchat is a company we should pay attention to, at least when you look at the stock market. Snap Inc. (SNAP) shares rose more than 6% during Tuesday’s session last week, after BTIG raised its price target from $15.00 to $20.00 per share. Analyst Richard Greenfield expressed confidence in Snap’s “recovery story” and noted an improvement in staff morale. Analyst believes that Snap’s engagement metrics could receive a boost from third-party apps, like Yolo, as well as new filters, improved Discovery, new games, and its Android app.
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